Sold: May 11, 2021
Address
8615 State Street South Gate, CA
Price
$ 564,800
Property Attributes
  • MLS#DW20160723
  • TypeIncome
  • CountyLOS ANGELES
  • CitySouth Gate
  • Zip90280
  • Style
  • Price$ 564,800
  • Bedrooms2
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1554
  • Lot Size6,294 SqFt
Listing Provided Courtesy Of:
Jennifer Avellan with Keller Williams SELA.
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Welcome to 8615 State St in the City of South Gate. Here is the investment opportunity you have been waiting for all year! This mixed use duplex is comprised of 1) a storefront retail unit with its own bathroom (plenty of space to add a shower) along with 2) a 2nd residential unit with 2 bedrooms & a bonus room (previously used as a 3rd bedroom) & 1 full bath. This is your opportunity to start the business you have always wanted OR expand your current business to another location OR live in the rear residential unit and enjoy the cash flow from the currently rented retail space. The opportunities with this unique property don't end here....DEVELOPMENT OPPORTUNITY as Property is zoned SGCR.* Due to the current zoning, the property's unique location, lot size etc. the City of South Gate may allow an owner to build anywhere from 2 to 4 units (Buyer to verify buildability details etc with the City). The Residential unit is quite spacious w a separate living room, dining room, galley kitchen, indoor laundry room & 2 spacious bedrooms...3rd room was last used as a bedroom. Huge backyard just waiting for a new owner to transform this open space to build units, park tons of cars, an RV or design your very own garden oasis...Excellent location. Close to several parks & schools. Steps away from several Metro bus lines & has a WalkScore© of 78. This property can qualify for FHA financing.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90280

Price
AVG $970K
$560K

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